Purepoint reports arrangement of $1,000,000 flow-through financing
Thu, Nov 5, 2009
Purepoint Uranium reports that it has arranged a private placement of 5,000,000 units at a price of $0.20 per Unit for gross proceeds of $1,000,000 to a group of investors including MineralFields Group.
Each Unit will consist of one flow-through common share of Purepoint and one-half of a warrant (”Warrant“). Each whole Warrant will entitle its holder to acquire one non-flow-through common share of Purepoint for a period of 24 months from the date of issuance, at a price of $0.25 per share during the first 12 months and $0.30 per share during the second 12 months. All securities issued under this private placement are subject to resale restrictions until March 7, 2010.
For full details of this press release, click this link.
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Tags: common share, gross proceeds, MineralFields Group, non-flow through, Purepoint Uranium, securities, spot uranium, uranium price, uranium shares, warrant
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